El Salvador President Naib Bukele took to Twitter to inform the crypto community that he was submitting a list of 52 legislative reforms to Congress. Among the most prominent proposals, Bukele called for the reduction of strict rules, a reduction in bureaucracy, tax incentives and, most importantly, a “Offer citizenship” to foreigners who wish to invest in the country
The president promises to make El Salvador one of the free nations. and is the most central when the world is in “Dictatorship”
Bukele has emerged as a leader for Bitcoin (BTC) adoption as El Salvador is set to launch its anticipated multibillion-dollar Bitcoin Volcanic bond in March. And the funds raised from the bonds will be used to build the world’s first Bitcoin city.
El Salvador made history in September last year when it became the first country in the world to offer Bitcoin as legal currency alongside the US dollar. While most international organizations This includes the World Bank and the International Monetary Fund. Still issuing a warning about the harmful effects of using BTC, but El Salvador has over 10% GDP growth, the highest in history.
El Salvador’s GDP grew 10.3% in 2021.
And now its exports (a main driver of economic growth) grew 13% this January, compared to January 2021.
Are we looking at another double digit GDP growth this year?
By the way, El Salvador never had a double digit GDP growth before 2021. https://t.co/f9yMkPpLNJ
— Nayib Bukele
(@nayibbukele) February 19, 2022
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